Varopakorn PCL Cash Flow Statement

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	91.71	130.43	-108.51	-58.79	3.87	-138.21
Depreciation & Amortization	92.48	96.31	108.76	96.7	94.11	99.53
Loss (Gain) From Sale of Assets	-1.13	-0.13	0.84	-0.47	-0.18	0.59
Other Operating Activities	-19.08	-17.84	21.59	6.38	5.5	4.44
Change in Accounts Receivable	281.49	-267.54	29.67	0.04	-226.71	22.87
Change in Inventory	149.97	-138.28	93.8	576.87	-894.24	-38.09
Change in Accounts Payable	-195.62	161	-45.33	-211.68	371.23	57.75
Change in Other Net Operating Assets	30.47	46.63	-35.93	-16.5	-9.65	-4.32
Operating Cash Flow	430.29	10.59	64.89	392.56	-656.07	4.56
Operating Cash Flow Growth	-	-83.68%	-83.47%	-	-	-95.73%
Capital Expenditures	-16.42	-40.4	-47.72	-44.85	-35.28	-12.91
Sale of Property, Plant & Equipment	2.44	1.81	0.36	0.54	0.51	0.96
Sale (Purchase) of Intangibles	-2.07	-0.26	-0.28	-0.46	-0.15	-0.35
Other Investing Activities	-	-	-	-0.4	-	-
Investing Cash Flow	-16.05	-38.85	-47.64	-45.16	-34.92	-12.3
Short-Term Debt Issued	-	174.84	-	134.34	729.03	58.19
Total Debt Issued	139.07	174.84	-	134.34	729.03	58.19
Short-Term Debt Repaid	-	-48.95	-26.41	-413.15	-0.71	-23.38
Long-Term Debt Repaid	-	-26.71	-34.42	-33.86	-33.54	-25.88
Total Debt Repaid	-423.16	-75.66	-60.82	-447	-34.25	-49.26
Net Debt Issued (Repaid)	-284.09	99.18	-60.82	-312.66	694.79	8.93
Financing Cash Flow	-284.09	99.18	-60.82	-312.66	694.79	8.93
Net Cash Flow	130.15	70.91	-43.57	34.73	3.79	1.18
Free Cash Flow	413.87	-29.81	17.17	347.71	-691.35	-8.35
Free Cash Flow Growth	-	-	-95.06%	-	-	-
Free Cash Flow Margin	14.13%	-1.00%	0.68%	9.24%	-26.76%	-0.82%
Free Cash Flow Per Share	4.14	-0.30	0.17	3.48	-6.92	-0.08
Cash Interest Paid	49.87	54.06	52.47	38.2	16.51	14.24
Levered Free Cash Flow	327.18	-90.56	72.48	414.22	-686.81	44.28
Unlevered Free Cash Flow	358.52	-56.45	105.72	438.18	-676.51	53.03
Change in Working Capital	266.31	-198.19	42.21	348.73	-759.37	38.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.